N.J. Admin. Code § 13:47-6.2

Current through Register Vol. 56, No. 19, October 7, 2024

Section 13:47-6.2 - Member in charge of proceeds; separate bank account

(a) The officers of a licensee shall designate an officer or member to be in full charge of, and responsible for, the proper utilization of the entire net proceeds of the games of chance in accordance with the law and the rules and regulations of this Chapter.

(b) Each registered organization shall establish, keep and maintain a bank account in a State or Federal chartered banking institution in which only the proceeds derived from the conduct of games of chance shall be deposited and from which only payments for authorized expenses and utilization of net proceeds for authorized purposes shall be made.

Amended by R.1995 d.41, effective 1/17/1995.
See: 26 New Jersey Register 4326(a), 27 New Jersey Register 374(a).